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UPA defers Pension Bill after Mamata's veto

-The Times of India It was meant to showcase the government's new-found resolve to push the reforms agenda in order to stanch the declining growth rate and to repulse the perception of governance freeze. Instead, it ended up publicizing yet again the government's vulnerability as well as its reluctance to speed up decision making at the cost of angering allies on the eve of presidential poll.  The UPA on Thursday withdrew its...

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MORE EVIDENCE ON THE NEED FOR OLD-AGE PENSION

Just in case our friends in the media were looking for more evidence, a new ILO report clinches the connection between old age pension and a country’s well being. The ILO report “World Social Security Report 2010/11: Providing coverage in times of crisis and beyond” puts India’s social security coverage in perspective of its peers. (the report can be accessed at http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_146566.pdf.  India is not only nearly at the bottom...

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For a universal old-age pension plan-Prabhat Patnaik

With the elderly likely to constitute a quarter of India's population by 2050, there is need for a publicly-funded, universal scheme that will overcome destitution among the aged India's social security system is woefully inadequate, when compared even to those in third world economies with no higher per capita incomes. Some States in India have fairly comprehensive social security schemes — notably Kerala, also West Bengal and Tamil Nadu — but...

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Unique identity crisis-Latha Jishnu, Jyotika Sood

-Down to Earth Biometric-based unique identity or Aadhaar is leading to huge problems for people working for the rural employment guarantee scheme and for others receiving welfare benefits. Not only have enrolments been done shoddily but the experience of the pilot projects shows that it is almost impossible to authenticate the work-hardened fingerprints of the poor, find Latha Jishnu and Jyotika Sood. Besides, there is the overwhelming issue of deficient online...

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Bihar spends most on pension among all states

-The Times of India   Bihar seems to be becoming a Pensioners' paradise with the state spending the highest amount on account of pension among all states, 48% of its revenue earnings. Along with some north-eastern states, Bihar's expenditure on pension, administrative services (salaries etc) and interest payments adds up to more than its total revenue generation.  According to budget documents of state governments, Bihar is the only one among non-special category states...

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